ChampionX Announces Regular Quarterly Dividend for Its Shareholders

THE WOODLANDS, Texas—A significant announcement came from ChampionX Corporation CHX, a prominent provider of chemical solutions and engineering equipment and technologies to the global oil and gas industry. On May 16, 2024, the company's Board of Directors confirmed the distribution of a routine quarterly dividend. The disclosed dividend is $0.095 for each share of the common stock, which carries a par value of $0.01 per share. This financial benefit is scheduled to be allocated to shareholders who are officially recorded by the company on a specified date.

Dividend Declaration Details

The latest financial declaration by ChampionX Corporation CHX is an illustration of the company's continuous commitment to shareholder returns. The valued patrons who have invested in the common stock of the company will receive the dividend on July 26, 2024. This move resonates with ChampionX's policy of regular shareholder compensation and affirms the company's stable financial position that enables such distributions.

Corporate Profile and Economic Impact

ChampionX Corporation CHX has established itself as an indispensable entity within the oil and gas sector, offering essential chemical formulations, advanced engineering tools, and innovative technologies. Headquartered in The Woodlands, Texas, ChampionX is not only a key contributor to the energy markets but also plays a pivotal role in enhancing extraction and production efficiency, thereby having a broader economic influence.

dividend, shareholders, energy